Closing Bell Overtime: Stocks Wipe Out 11 Months of Gains 4/4/25

The sharp two-day selloff has wiped out more than 10% in both the S&P 500 and the Nasdaq. Bob Elliott, Unlimited CEO, and Keith Lerner, Truist Wealth Co-CIO, kick off with a deep dive into what’s driving the decline and where markets go from here. Pippa Stevens reports on the energy sector’s role in the drop, while Kristina Partsinevelos covers the hit to tech. Paul McCulley, Former PIMCO Chief Economist, discusses the impact of tariffs, jobs data, and Fed policy in the wake of the selloff. Microsoft AI CEO Mustafa Suleyman weighs in on how AI sentiment is being tested in the downturn. Richard Haass, President Emeritus of the Council on Foreign Relations, addresses geopolitical risks amid the volatility. And Jim Paulsen of Paulsen Perspectives closes the show with his outlook on whether the worst is over.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.